Buy, hold, sell: JB Hi-Fi, Westpac, Santos shares

S&P/ASX 200 Index (ASX: XJO) shares started the day in the red on Monday but are rising in mid-morning trading.

ASX 200 shares are currently up 0.1% to 8,840.3 points.

Among the 11 market sectors, the consumer discretionary sector is in the lead today, up 0.6%.

The tech sector is the laggard, down 0.7%.

Meanwhile, on The Bull this week, three experts give us their opinions and recommendations on three ASX 200 shares.

Let’s take a look.

JB Hi-Fi Ltd (ASX: JBH)

The JB Hi-Fi share price is $78.94, up 1.3% today and down 18% in the calendar year to date (YTD). 

Toby Grimm from Baker Young has a buy rating on this ASX 200 consumer discretionary share.

Grimm said: 

The share price of this consumer electronics giant has significantly fallen since August 2025 in response to cost of living and supply chain cost pressures and increasing interest rates.

Despite these issues, JBH is expected to deliver positive sales and underlying earnings growth during the next two years.

The outlook for consumer electronics remains structurally sound. Diminishing rate hike expectations is another positive.

The stock is trading on more appealing multiples compared to 2025 and was recently offering an attractive dividend yield above 5 per cent.

Following three interest rate rises already this year, some experts expect the Reserve Bank’s next move will be a cut due to low GDP growth, recent softer inflation data, and consumer sentiment falling to one of its weakest levels in 50 years.

Given the market looks 6 to 12 months ahead, it seems that value investors may be looking for opportunities in ASX 200 retail shares today.

Santos Ltd (ASX: STO)

Santos shares are $7.31 apiece, up 0.1% today and up 19% YTD. 

Niv Dagan from Peak Asset Management has a hold rating on this ASX 200 energy share. 

Dagan said much of the near-term upside for Santos shares depends on successful execution of major projects.

Barossa is online and ramping up, while the Pikka phase 1 in Alaska has started production, with both expected to materially increase free cash flow at plateau rates.

Management is also targeting at least 60 per cent of free cash flow for shareholder returns and a $2.5 billion reduction in net debt by 2030.

However, the investment case still relies on commodity prices, capital discipline and the delivery of a large multi-year development pipeline across Australia, Papua New Guinea and Alaska.

Westpac Banking Corp (ASX: WBC)

The Westpac share price is $35.03, up 0.1% today and down 10% YTD.

Christopher Watt from Bell Potter Securities has a sell rating on this ASX 200 bank share.

Watt explained: 

The business is improving on the metrics that matter, but the operating backdrop is weakening.

Mortgage applications since the Federal Budget in May are below the prior two quarters, pointing to a slowdown in housing credit growth into next year.

Proposed tax changes to capital gains tax and negative gearing have soured sentiment, and there’s no fresh financial guidance to lean on.

With Westpac’s stock trading near the top of its range amid a possible earnings downgrade, I see more downside than upside from here.

The Federal Government has proposed that the 50% capital gains tax (CGT) discount for assets held longer than 12 months be replaced by a cost base inflation indexation method from 1 July 2027. Additionally, a minimum 30% CGT rate will apply.

To incentivise new housing, investors in new residential properties will be able to choose between the two CGT methods when they sell.

Also, from 1 July 2027, investors will not be able to negatively gear established properties purchased for investment, but will be able to do so with new homes.

The post Buy, hold, sell: JB Hi-Fi, Westpac, Santos shares appeared first on The Motley Fool Australia.

More reading

• Why CSL, Westpac, and this big-name ASX 200 share could be sells
• 1 ASX dividend stock down 35% I’d buy right now
• Experts name 3 ASX 200 shares to buy
• 5 things to watch on the ASX 200 on Monday
• Invested in ASX 200 bank shares for dividends? This fundie prefers other stocks

Motley Fool contributor Bronwyn Allen has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.